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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
L1 Long Short FundASX:LSF +2.00%62 Cash-to-Debt is No Debt (1) as of Dec. 2025, which is 100% below its 10-year median of 10,000.00. GuruFocus rates ASX:LSF with a GF Score™ of 62/100 and a GF Value™ of A$13.39 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,439 Asset Management companies, L1 Long Short Fund ranks better than 99.51% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. L1 Long Short Fund's cash to debt ratio for the quarter that ended in Dec. 2025 was No Debt (1).
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, L1 Long Short Fundcould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
The historical rank and industry rank for L1 Long Short Fund's Cash-to-Debt or its related term are showing as below:
ASX:LSF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.75 Med: No Debt Max: No Debt
Current: No Debt
During the past 8 years, L1 Long Short Fund's highest Cash to Debt Ratio was No Debt. The lowest was 0.75. And the median was No Debt.
ASX:LSF's Cash-to-Debt is ranked better than 99.51% of 1439
companies
in the Asset Management industry
Industry Median: 4.97
vs ASX:LSF: No Debt
L1 Long Short Fund (ASX:LSF) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
L1 Long Short Fund Cash-to-Debt Related Terms
L1 Long Short Fund Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for L1 Long Short Fund's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Asset Management subindustry, L1 Long Short Fund's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
L1 Long Short Fund Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, L1 Long Short Fund's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where L1 Long Short Fund's Cash-to-Debt falls into.
L1 Long Short Fund's Cash to Debt Ratio for the fiscal year that ended in Jun. 2025 is calculated as:
L1 Long Short Fund had no debt (1).
L1 Long Short Fund's Cash to Debt Ratio for the quarter that ended in Dec. 2025 is calculated as:
L1 Long Short Fund had no debt (1).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Cash-to-Debt of No Debt <sup>(1)</sup> mean?
L1 Long Short Fund (ASX:LSF) has a Cash-to-Debt of No Debt (1) as of Dec. 2025. This is 100% below median its historical median of 10,000.00. Over the past decade, L1 Long Short Fund's Cash-to-Debt has ranged from 0.75 to 10,000.00. According to the industry distribution chart, L1 Long Short Fund ranks #7 out of 1439 companies in the Asset Management industry, placing it in the top 0.5%.
Is L1 Long Short Fund's Cash-to-Debt too high?
L1 Long Short Fund's current Cash-to-Debt of No Debt (1) is 100% below median its 10-year median of 10,000.00. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 10,000.00. Based on the distribution chart, L1 Long Short Fund ranks #7 out of 1439 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, L1 Long Short Fund has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does L1 Long Short Fund's Cash-to-Debt compare to BLK and BX?
According to the Asset Management industry distribution chart, L1 Long Short Fund ranks #7 out of 1439 companies for Cash-to-Debt. This places L1 Long Short Fund in the top 1% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 4.97. Historically, L1 Long Short Fund's own Cash-to-Debt has ranged from 0.75 to 10,000.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 4.97, based on 1,439 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median Cash-to-Debt is 4.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L1 Long Short Fund's current Cash-to-Debt is No Debt (1), which is 100% below median its own 10-year median of 10,000.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L1 Long Short Fund stock overvalued right now?
Based on GuruFocus' analysis, L1 Long Short Fund (ASX:LSF) is currently considered Significantly Undervalued. The stock's GF Value™ is A$13.39, compared to a current price of A$4.59 — trading 65.7% below its estimated fair value. The current Cash-to-Debt is No Debt (1), which is 100% below median its 10-year median of 10,000.00. L1 Long Short Fund's overall GF Score™ is 62/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For L1 Long Short Fund (ASX:LSF), the current Cash-to-Debt is No Debt (1) as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is L1 Long Short Fund (ASX:LSF) Overvalued in 2026?
Based on GuruFocus' analysis, L1 Long Short Fund stock appears to be undervalued.
The current stock price of A$4.59 is trading 65.7% below its estimated GF Value™ of A$13.39.
GuruFocus considers L1 Long Short Fund to be Significantly Undervalued.
Key valuation signals for ASX:LSF:
Cash-to-Debt: No Debt (1) (100% below median its 10-year median of 10,000.00)
GF Value™: A$13.39 vs. price of A$4.59 (65.7% below fair value)
No single metric tells the full story. See the ASX:LSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
L1 Long Short Fund Ltd provides investors with access to an actively managed long and short portfolio of securities and the investment expertise of the manager. The company's investment process combines valuation with qualitative considerations to identify attractive investment opportunities. It operates in one industry, being the securities industry, deriving revenue from dividend and trust distribution income, interest income, and from the sale of its trading portfolio.
62GF Score
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